Fair Isaac (NYSE:FICO) Given New $925.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies cut Fair Isaac’s price target from $1,675 to $925 while maintaining a “buy” rating, implying approximately 29% upside from the reported $716.84 share price.
• Analyst sentiment is mixed: FICO has a consensus “hold” rating and an average price target of $967.12, based on nine buy, six hold and two sell ratings.
• Fair Isaac shares have declined significantly, trading between $586.05 and $1,858.91 over the past year. Institutional investors own approximately 85.75% of the company.

Fair Isaac (NYSE:FICO - Get Free Report) had its target price lowered by analysts at Jefferies Financial Group from $1,675.00 to $925.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. Jefferies Financial Group's price objective would suggest a potential upside of 29.04% from the company's current price.

A number of other research firms also recently weighed in on FICO. Barclays decreased their target price on shares of Fair Isaac from $935.00 to $875.00 and set an "overweight" rating for the company in a research report on Friday, October 2nd. Huber Research downgraded shares of Fair Isaac to a "strong sell" rating in a research report on Tuesday, September 29th. Susquehanna set a $700.00 price objective on shares of Fair Isaac in a research report on Wednesday, September 30th. UBS Group decreased their price objective on shares of Fair Isaac from $1,100.00 to $942.00 and set a "neutral" rating for the company in a research report on Monday, October 26th. Finally, Griffin Securities set a $897.00 price objective on Fair Isaac in a research report on Monday, October 26th. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $967.12.

Fair Isaac Price Performance

NYSE FICO traded up $5.61 on Monday, reaching $716.84. The company had a trading volume of 438,409 shares, compared to its average volume of 464,567. The business has a 50 day moving average of $871.80 and a two-hundred day moving average of $1,128.71. Fair Isaac has a fifty-two week low of $586.05 and a fifty-two week high of $1,858.91. The firm has a market cap of $15.48 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 0.87 and a beta of 1.35.

Institutional Trading of Fair Isaac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XXEC Inc. bought a new stake in shares of Fair Isaac during the second quarter valued at approximately $33,189,000. BlackRock Inc. acquired a new stake in Fair Isaac in the 2nd quarter valued at $2,491,517,000. Primecap Management Co. CA bought a new position in shares of Fair Isaac in the second quarter valued at $433,508,000. Legal & General Group Plc acquired a new position in shares of Fair Isaac during the second quarter valued at about $173,157,000. Finally, Bank of New York Mellon Corp bought a new stake in Fair Isaac during the 2nd quarter worth approximately $152,357,000. 85.75% of the stock is owned by institutional investors.

About Fair Isaac

Fair Isaac Corporation, commonly known as FICO, develops analytics and decision-management software used by businesses to assess risk, detect fraud and make customer-related decisions. The company is best known for the FICO Score, a credit-risk scoring system used by lenders and other financial institutions to evaluate consumer creditworthiness.

FICO's offerings include credit scoring solutions, decisioning platforms, fraud-detection tools, customer management software and predictive analytics.

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